Forex Daily Outlook July 18 2013

by Forex Trading-Pips

Forex Daily Outlook July 18 2013 provided by ForexCrunch: 

Plus500

In the US Fed Chairman Bernanke Testifies and Retail Sales in the UK are the major market-movers. Let see what awaits us today.

In the US, Ben Bernanke, Federal Reserve Chairman is due to testify on in Washington DC.

Later in the US, Philly Fed Manufacturing Index, Survey to rate the general business conditions, reduce down to 8.5 points is likely from 12.5 on June.

Later on in the US, Unemployment Claims, weekly indicator to value the unemployment insurance, 344K is calculated now from 360K on the last month.

In Canada, Wholesale Sales, value all the sales at the wholesale level rise up to 0.4% is likely from 0.2% on June.

For more on USD/CAD, read the Canadian dollar forecast.

In Europe, Current Account, measures the difference in between imported and exported goods, services and unilateral transfers, 21.3B is due from 19.5B during the previous month.

Later in Europe, German Producer Price Index (PPI), the manufacturers’ price change of goods, -0.2% is likely from -0.3% on the last time.

For more on the Euro, read the Euro to dollar forecast.

In Great Britain, Retail Sales value the total sales at the retail level 0.2% is due now from 2.1% on June.

Read more about the Pound in the GBP/USD forecast.

In New Zealand, Credit Card Spending 2.4% is due now.

Later in New Zealand, Visitor Arrivals -0.6% is likely with now changed from June.

For more about the kiwi, see the NZD/USD forecast.

In Japan, All Industries Activity rise up to 1.3% is expected from 0.4% on the last month

Read more about the yen in the USD/JPY forecast.

….More at Forex Daily Outlook July 18 2013

 More reading